Core Viewpoint - The performance briefing held by Weifeng Electronics highlighted significant growth in revenue and net profit for the first half of 2025, alongside ongoing developments in investment projects and expansion efforts in Thailand [1][2]. Group 1: Financial Performance - In the first half of 2025, the company reported revenue of approximately 340 million yuan, representing a year-on-year increase of 40.19% [2] - The net profit for the same period was about 54.93 million yuan, showing a year-on-year growth of 16.52% [2] - The disparity between revenue and net profit growth is attributed to increased depreciation from investment projects, new share-based payment expenses from the employee stock ownership plan, and reduced interest income due to lower market rates [2] Group 2: Investment Projects - Investment projects commenced production in June 2024, focusing on automation and intelligent configuration at the South China headquarters, currently in a ramp-up phase for capacity utilization [2] - The Kunshan Weikang connector project is expected to reach operational status by the end of the year, with major construction completed and ongoing installations for utilities [2] Group 3: International Expansion - The construction of the Thailand factory is progressing as planned, with completion expected by the end of this year and production slated for the first half of next year [2] - The factory aims to enhance proximity to overseas markets, mitigate trade barriers, and strengthen supply chain resilience against geopolitical risks [2] Group 4: Business Development - The company has established a strong collaboration with leading robotics clients, leveraging its brand reputation and technical capabilities [2] - The focus on signal transmission modules for robotics, characterized by high customization and profitability, serves as a core competitive advantage [2] Group 5: Automotive Connectors - Revenue from automotive connectors reached approximately 82.06 million yuan, reflecting a year-on-year increase of 55.85% [2] - The company increased its stake in Weikang Automotive to 80%, supporting high-frequency and high-speed business development, with progress in key automotive systems [2]